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Sold on 09/30/2025
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49 S Grand Oaks, Pasadena, CA 91107

$1,900,000

Last sold 09/30/2025 after 232 Days

  • —

    bed

  • —

    bath

Multi-family not for sale

About 49 S Grand Oaks

Property type Multi-family
Neighborhood
Year built 1953
HOA fee $0/month
Lot size 8,496 Sqft
Rental estimate
Property description
This charming 8-unit multifamily property, located at 49 S. Grand Oaks Ave in Pasadena, presents an exceptional investment opportunity with significant rental upside potential. Nestled in a highly desirable neighborhood, this well-maintained building is within walking distance to vibrant Old Town Pasadena, offering easy access to shops, restaurants, parks, and public transit. Property was recently painted and new windows installed throughout! The property features a mix of spacious one and studio units, each offering a comfortable living space with classic architectural details, including hardwood floors, large windows, and ample natural light. With its prime location and strong demand for rental housing in Pasadena, the property offers a great opportunity for rent increases and the potential for future value appreciation. Current rents are below market, offering immediate upside for a savvy investor to maximize cash flow. Whether you're a seasoned investor or a newcomer to multifamily properties, this building represents an excellent chance to acquire a well-positioned asset with great long-term growth potential. Don't miss out on this rare opportunity to own a piece of Pasadena real estate with strong investment prospects!
Listed by
Listing Agent - Mark Trueblood
Listing Agent Contact: Mark@trumarkrem.com
Listing Office - TRUMARK Real Estate Management
Source: CRMLS mls logo
MLS#GD25192443 • last updated 1 year ago
Movoto checked CRMLS for data 8 minutes ago
Overview
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.195
Lot Size (SqFt) 8496
Year Built 1953
Interior
Laundry None
Exterior
Building Area Square Feet, 3673
# Carport Spaces 6
# Parking Spaces 6
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Street Lights
Directions Sierra Madre Blvd. To Altadena Drive To N. Sierra Madre Blvd, To Colorado Blvd. To S. Grand Oaks
Multifamily Details
Operating Expense 19000
Expense: Insurance 13250
Total Expenses 31250
Gross Income 147840
Expense: Electric 12500
Gross Scheduled Income 147840
Expense: Fuel 1750
Rental est.: $1,638/month
Gross rent multiplier: 96.7
  • Sep 2025
    mls logo MLS # GD25192443
  • Sep 30, 2025 Sold
    $1,900,000
  • Sep 23, 2025 Pending
    —
  • Feb 10, 2025 Listed
    $1,999,000
  • Sep 2025
    Public Records
  • Sep 30, 2025 Sold
    $1,900,000 (-5.0%)
  • Year Property taxes Tax assessment
  • 2025
    $13,373 -13.8%
    $1,307,499 +2.0%
  • 2024
    $15,520 +0.9%
    $1,281,863
  • 2023
    $15,388 +479.4%
    $1,281,863 +1029.15%
  • 2022
    $2,656 +4.0%
    $113,525 +4.04%
  • 2021
    $2,553 +2.2%
    $109,119 +1.04%
  • 2020
    $2,497
    $108,001
  • 49 S Grand Oaks
    $1.9M
  • Lamanda Park
    $975K 0% y/y
  • 91107
    $1.3M -13% y/y
  • Pasadena
    $1.18M -7% y/y
No chart available
Statistics calculated by Movoto

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6/10
N/A
6/10
Source: GreatSchools.org © 2026. All rights reserved.

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